Which of the following balance sheet items is least likely to be associated with the acquisition/payment process?
A)Cash
B)Accounts payable
C)Raw materials
D)Treasury stock

Question

Quizplus · Accepted Answer

Treasury stock is typically associated with a company's financing activities, such as repurchasing its own stock from the market, and is not directly related to the acquisition/payment process. Cash, accounts payable, and raw materials are all commonly involved in the acquisition/payment process.

Which of the Following Balance Sheet Items Is Least Likely